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News Updates

23 Jun20

Boycott Chinese materials in construction: CREDAI West Bengal

The CREDAI (The Confederation of Real Estate Developers' Associations of India) of West Bengal has decided unanimously to boycott the Chinese materials in the construction works and should use local materials. There are more than 900 projects which are registered under WBHIRA (West Bengal Housing Industry Regulatory Authority). CREDAI West Bengal is the crest association of the state which represents the CREDAI Howrah-Hooghly and CREDAI North Bengal. The association has taken such a drastic

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20 Jun20

Chinese building materials are boycotted by Surat realtors

When the country is in tension for losing 20 soldiers as China has killed them, the CREDAI- Surat has decided to boycott the materials which are imported from China. More than 800 realtors are representing the CREDAI of Surat and they have taken a unanimous decision for not using Chinese goods like bathroom fittings, window fittings, kitchenware, etc which will be a big step against China. More than 5000crore per annum is being used for importing the materials from China. One of the officials

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08 Jun20

Real estate is the best way to improve the economy at the earliest!

Due to the severe outbreak of the Covid-19 pandemic, the real estate industry is facing severe loss and came to a halt and leading to the losses and crunches in liquidity cash inflow. The developers are also facing problems with the delivery of the projects due to not completing the projects as there is a lack of workforce and supply of materials. But with the several norms and government measures and funds, the real estate is improving which has a direct impact on the Indian economy

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08 Jun20

West Bengal CREDAI seeks for the aid of the realty sector to Bengal CM

The developers of west Bengal has got the help from the state on certain packages like waivers on taxation and deductions on stamp duty of the properties when the real estate industry was drowning under heavy debts and at a halt due to Covid-19 pandemic. The CREDAI (The Confederation of Real Estate Developers Associations of India) of west Bengal also urges for property and municipal tax waivers including postponing the sanction fees of projects and validity extension of sanction plans for

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